Hacker News Reader

Great. Housing should not be an investment and chasing ever-increasing property values as a society is obviously unsustainable. If you own a house as your primary residence, then its market value shouldn't really matter, because the value has no impact on your quality of life.

View on HN

If you buy a house and it appreciates 40%, you can borrow against that equity. You've got a heck of a cushion in the case of any negative event. Including losing your job.

Letting a majority of voters benefit from their home equity was a colossal mistake that will harm society for ages to come

But it is valued based on its impact to your quality of life.

Reply on news.ycombinator.com